Buy 460 CE 1 lot
Sell 480 CE 2 lots
Buy 500 CE 1 lot
1. Tata motors has witnessed accumulation in open interest in past few trading session
2. Positive sector outlook along with fresh built up could boost the momentum
3. Highest call congestion is at 460 Ce, unwinding in same could propel momentum towards 480
4. Thus low risk Call butterfly Spread is recommended
Target: Rs 20,000
Stop Loss: Rs 6,000
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is a Deivatives and Technical Analyst at Motilal Oswal Securities.